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It wasn't my intention to say stats are superior over probability, that would be comparing apples to oranges. The outcome of a roll of the dice has probability. The probability doesn't change. The outcome of a trade doesn't not have probability. You can determine statistically what the...

Elitetrader decided to delete the original thread that contained stats. If I post charts showing stats, I will be accused of "branding". If check the thread from time to time, you can develop your own stats of how well this works.

Lowest price of the day AT THE MOMENT. After the day is over, you will know the lowest price of the day. During the day, you know the current daily low price. Of course, price may go lower but one of the current daily lows will be THE low of the day.

<--------------------------------------------------------------------> 1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY <--------------------------------------------------------------------> PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING...

The rat won because it accepted the fact that going left paid off better than trying to decide which way to go. All you have to do is look at at chart and see that a RAT REVERSAL preceded every major move.

<--------------------------------------------------------------------> 1) Price within 20 pips of the daily low (ClLo < 20) - that is OPPORTUNITY <--------------------------------------------------------------------> PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING...

Probability deals with the future. Statistics deal with the past. There is no probability in trading, only statistics.

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the...

The RAT only went left. The YALE STUDENTS went left sometimes and right sometimes. The RAT beat the YALE STUDENTS. Understand?

"Now, 2 patterns of market behavior happen on a regular basis: 1) the price breaks to new high's (or low's) 2) the price reverses from new high's (or low's) They happen regardless of time frame (with the obvious limitations explained above) They are phenomena that can be exploited...

Current price 28 pips above the current daily low. <--------------------------------------------------------------------> The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method...

============================================= GREEN RAT REVERSAL TRADE 1) price within 20 pips of the daily low - that is OPPORTUNITY 2) red candle closes 3) green candle closes - note the high price of the green candle. 4) enter long at the green candle's high price 5) STOP LOSS...

In case you are wondering why the charts have changed, it is because I was accused of "branding". I find it amusing on the one hand and annoying on the other.

Current price is 9 pips above the current daily low. The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method. Let's clear things up: 1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a...

Hello Thaum. It's nice to know the information in this thread is profitable for you. Thanks for posting.

Current price is 88 pips above current daily low.

Current price is 50 pips above current daily low. <--------------------------------------------------------------------> PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

"Now, 2 patterns of market behavior happen on a regular basis: 1) the price breaks to new high's (or low's) 2) the price reverses from new high's (or low's) They happen regardless of time frame (with the obvious limitations explained above) They are phenomena that can be exploited...

============================================= GREEN RAT REVERSAL TRADE 1) price within 20 pips of the daily low - that is OPPORTUNITY 2) red candle closes 3) green candle closes - note the high price of the green candle. 4) enter long at the green candle's high price 5) STOP LOSS...

"An ad hominem attack against an intellectual, not against an idea, is highly flattering. It indicates that the person does not have anything intelligent to say about your message." - Nassim Nicholas Taleb "The Black Swan" P-297